The Medal of Honor ( MOH ) is the United States Armed Forces ' highest military decoration and is awarded to recognize American soldiers , sailors , marines , airmen , guardians , and coast guardsmen who have distinguished themselves by acts of valor. The medal is normally awarded by the president of the United States (the commander in chief of the armed forces) and is presented "in the name of the United States Congress ." It is often colloquially (but technically incorrectly) referred to as the Congressional Medal of Honor .
174-424: A pension ( / ˈ p ɛ n ʃ ən / ; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be: Pensions should not be confused with severance pay ; the former is usually paid in regular amounts for life after retirement, while
348-633: A benefit for an employee upon that employee's retirement is a defined benefit plan. In the U.S., corporate defined benefit plans, along with many other types of defined benefit plans, are governed by the Employee Retirement Income Security Act of 1974 (ERISA). In the United Kingdom , benefits are typically indexed for inflation (known as Retail Prices Index (RPI)) as required by law for registered pension plans. Inflation during an employee's retirement affects
522-477: A Medal of Honor Flag to be presented to each person to whom a Medal of Honor is awarded. In the case of a posthumous award, the flag will be presented to whomever the Medal of Honor is presented to, which in most cases will be the primary next of kin of the deceased awardee. The flag was based on a concept by retired U.S. Army Special Forces First Sergeant Bill Kendall of Jefferson, Iowa , who in 2001, designed
696-571: A Medal of Honor), it would be processed by the Air Force despite the fact that the Air Force did not yet exist as a separate service. Nineteen service members have been awarded the Medal of Honor twice. The first double Medal of Honor recipient was Thomas Custer (brother of George Armstrong Custer ) for two separate actions that took place several days apart during the American Civil War. Five "double recipients" were awarded both
870-753: A battlefield decoration for valor was submitted to Lieutenant General Winfield Scott , the Commanding General of the United States Army , by Lieutenant Colonel Edward D. Townsend , an assistant adjutant at the Department of War and Scott's chief of staff. Scott, however, was strongly against the American republic's awarding medals for valor, a European monarchical tradition. After Scott retired in October 1861, however, Secretary of
1044-528: A crown of laurel and oak on a green background. Centered on the star, an annulet of 34 stars is a representation of the head of the Statue of Liberty . The star is suspended from a bar inscribed with the word VALOR above an adaptation of Jupiter's thunderbolt from the Department of the Air Force's seal. The pendant is made of gilding metal. The connecting bar, hinge, and pin are made of bronze. The finish on
1218-453: A defined contribution plan depends upon the account balance at the time an employee is looking to use the assets. So, for this arrangement, the contribution is known but the benefit is unknown (until calculated). Despite the fact that the participant in a defined contribution plan typically has control over investment decisions, the plan sponsor retains a significant degree of fiduciary responsibility over investment of plan assets, including
1392-496: A defined-benefit social security system, but is more controversial when applied to high levels of professional income. Why should younger generations pay for executive pensions which they themselves are unsure of collecting? Employers have sought ways of getting round this problem through pre-funding, but in civil-law countries have often been limited by the legal vehicles available. A suitable legal vehicle should ideally have three qualities. First, it should convince employees that
1566-422: A fashion. Nineteen individuals, all now deceased, were double Medal of Honor recipients. In July 2014, DoD instructions were changed to read, "A separate MOH is presented to an individual for each succeeding act that justified award," removing the authorization for the "V" device. On October 23, 2002, Pub. L. 107–248 (text) (PDF) was enacted, modifying 36 U.S.C. § 903 , authorizing
1740-526: A faster pace. It is characterised by greater use of prepositions, and word order that is closer to modern Romance languages, for example, while grammatically retaining more or less the same formal rules as Classical Latin. Ultimately, Latin diverged into a distinct written form, where the commonly spoken form was perceived as a separate language, for instance early French or Italian dialects, that could be transcribed differently. It took some time for these to be viewed as wholly different from Latin however. After
1914-743: A few in German , Dutch , Norwegian , Danish and Swedish . Latin is still spoken in Vatican City, a city-state situated in Rome that is the seat of the Catholic Church . The works of several hundred ancient authors who wrote in Latin have survived in whole or in part, in substantial works or in fragments to be analyzed in philology . They are in part the subject matter of the field of classics . Their works were published in manuscript form before
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#17327916703652088-404: A few. Famous and well regarded writers included Petrarch, Erasmus, Salutati , Celtis , George Buchanan and Thomas More . Non fiction works were long produced in many subjects, including the sciences, law, philosophy, historiography and theology. Famous examples include Isaac Newton 's Principia . Latin was also used as a convenient medium for translations of important works first written in
2262-530: A flag to honor Medal of Honor recipient Army Air Forces Captain Darrell Lindsey , a B-26 pilot from Jefferson who was killed in action during World War II. Kendall's design of a light blue field emblazoned with 13 white five-pointed stars was nearly identical to that of Sarah LeClerc's of the Institute of Heraldry . LeClerc's gold-fringed flag, ultimately accepted as the official flag, does not include
2436-452: A fund towards meeting the benefits. All plans must be funded in some way, even if they are pay-as-you-go, so this type of plan is more accurately known as pre-funded or fully-funded . The future returns on the investments, and the future benefits to be paid, are not known in advance, so there is no guarantee that a given level of contributions will be enough to meet the benefits. Typically, the contributions to be paid are regularly reviewed in
2610-405: A green laurel wreath and suspended from a gold bar inscribed VALOR , surmounted by an eagle. In the center of the star, Minerva 's head surrounded by the words UNITED STATES OF AMERICA . On each ray of the star is a green oak leaf. On the reverse is a bar engraved THE CONGRESS TO with a space for engraving the name of the recipient." The pendant and suspension bar are made of gilding metal, with
2784-580: A lawsuit, the Department of the Navy requested an amendment to expressly allow noncombat awards of the Medal of Honor. When the amendment passed, the Department of the Navy returned to using only the original 1862 inverted 5-point star design and retired the Tiffany Cross. In 1944, the suspension ribbons for both versions were replaced with the now-familiar neck ribbon. When the Air and Space Force's version
2958-414: A light blue colored moiré silk neck ribbon that is 1 + 3 ⁄ 16 in (30 mm) in width and 21 + 3 ⁄ 4 in (550 mm) in length. The center of the ribbon displays thirteen white stars in the form of three chevron . Both the top and middle chevrons are made up of 5 stars, with the bottom chevron made of 3 stars. The medal itself differs by branch: The Medal of Honor
3132-560: A native language, Medieval Latin was used across Western and Catholic Europe during the Middle Ages as a working and literary language from the 9th century to the Renaissance , which then developed a classicizing form, called Renaissance Latin . This was the basis for Neo-Latin which evolved during the early modern period . In these periods Latin was used productively and generally taught to be written and spoken, at least until
3306-438: A new breed of collective risk sharing schemes where plan members pool their contributions and to a greater or less extent share the investment and longevity risk . There are multiple naming conventions for these plans reflecting the fact that the future payouts are a target or ambition of the plan sponsor rather than a guarantee, common naming conventions include: Defined contribution pensions, by definition, are funded, as
3480-407: A portion of the employee's contributions to be matched by the employer. In exchange, the funds in such plans may not be withdrawn by the investor prior to reaching a certain age—typically the year the employee reaches 59.5 years old (with a small number of exceptions)—without incurring a substantial penalty. Advocates of defined contribution plans point out that each employee has the ability to tailor
3654-616: A reddish tint." On March 3, 1863, Congress made the Army Medal of Honor a permanent decoration by passing legislation permitting the award to such soldiers "as have most distinguished or who may hereafter most distinguish themselves in action." The same legislation also authorized the medal for officers of the Army. On March 25, the Secretary of War presented the first Medals of Honor to six U.S. Army volunteers in his office. In 1896,
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#17327916703653828-567: A result, the list has variants, as well as alternative names. In addition to the historical phases, Ecclesiastical Latin refers to the styles used by the writers of the Roman Catholic Church from late antiquity onward, as well as by Protestant scholars. The earliest known form of Latin is Old Latin, also called Archaic or Early Latin, which was spoken from the Roman Kingdom , traditionally founded in 753 BC, through
4002-407: A separate language, existing more or less in parallel with the literary or educated Latin, but this is now widely dismissed. The term 'Vulgar Latin' remains difficult to define, referring both to informal speech at any time within the history of Latin, and the kind of informal Latin that had begun to move away from the written language significantly in the post-Imperial period, that led ultimately to
4176-525: A shield emblazoned with the shield from the coat of arms of the United States. She repulses Discord, represented by snakes (originally, she was repulsing the snakes of secession ). The medal is suspended from the flukes of an anchor. It is made of solid red brass, oxidized and buffed. The Air and Space Forces version is described as "within a wreath of green laurel, a gold five-pointed star, one point down, tipped with trefoils and each point containing
4350-455: A similar stream of payments. The common use of the term pension is to describe the payments a person receives upon retirement, usually under predetermined legal or contractual terms. A recipient of a retirement pension is known as a pensioner or retiree . A retirement plan is an arrangement to provide people with an income during retirement when they are no longer earning a steady income from employment. Often retirement plans require both
4524-709: A small number of Latin services held in the Anglican church. These include an annual service in Oxford, delivered with a Latin sermon; a relic from the period when Latin was the normal spoken language of the university. In the Western world, many organizations, governments and schools use Latin for their mottos due to its association with formality, tradition, and the roots of Western culture . Canada's motto A mari usque ad mare ("from sea to sea") and most provincial mottos are also in Latin. The Canadian Victoria Cross
4698-429: A sort of informal language academy dedicated to maintaining and perpetuating educated speech. Philological analysis of Archaic Latin works, such as those of Plautus , which contain fragments of everyday speech, gives evidence of an informal register of the language, Vulgar Latin (termed sermo vulgi , "the speech of the masses", by Cicero ). Some linguists, particularly in the nineteenth century, believed this to be
4872-471: A specific amount of income throughout their retirement years. However this income is not usually guaranteed to keep up with inflation, so its purchasing power may decline over the years. On the other hand, defined contribution plans are dependent upon the amount of money contributed and the performance of the investment vehicles used. Employees are responsible for ensuring that their contributions are sufficient to provide for their retirement needs, and they face
5046-572: A spoken and written language by the scholarship by the Renaissance humanists . Petrarch and others began to change their usage of Latin as they explored the texts of the Classical Latin world. Skills of textual criticism evolved to create much more accurate versions of extant texts through the fifteenth and sixteenth centuries, and some important texts were rediscovered. Comprehensive versions of authors' works were published by Isaac Casaubon , Joseph Scaliger and others. Nevertheless, despite
5220-547: A statute, and the restoration violated not only the period law during the Civil War, but also the law requiring revocation in 1916, and modern law in 1977. As a reaction to Walker's restoration, a relative of Cody's requested the same action from the Army's board for correction, and it reinstated the medals for Cody and four other civilian scouts on June 12, 1989. Subsequent litigation over the Garlin Conner award, which
5394-432: A strictly left-to-right script. During the late republic and into the first years of the empire, from about 75 BC to AD 200, a new Classical Latin arose, a conscious creation of the orators, poets, historians and other literate men, who wrote the great works of classical literature , which were taught in grammar and rhetoric schools. Today's instructional grammars trace their roots to such schools , which served as
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5568-572: A tax break depending on the country and plan type. For example, Canadians have the option to open a registered retirement savings plan (RRSP), as well as a range of employee and state pension programs. This plan allows contributions to this account to be marked as un-taxable income and remain un-taxed until withdrawal. Most countries' governments will provide advice on pension schemes. Social and state pensions depend largely upon legislation for their sustainability. Some have identified funds, but these hold essentially government bonds—a form of " IOU " by
5742-818: A tiered system. For a simplified example, suppose there are three employees that pay into a state pension system: Sam, Veronica, and Jessica. The state pension system has three tiers: Tier I, Tier II, and Tier III. These three tiers are based on the employee's hire date (i.e. Tier I covers 1 January 1980 (and before) to 1 January 1995, Tier II 2 January 1995 to 1 January 2010, and Tier III 1 January 2010 to present) and have different benefit provisions (e.g. Tier I employees can retire at age 50 with 80% benefits or wait until 55 with full benefits, Tier II employees can retire at age 55 with 80% benefits or wait until 60 for full benefits, Tier III employees can retire at age 65 with full benefits). Therefore, Sam, hired in June 1983, would be subject to
5916-409: A valuation of the plan's assets and liabilities, carried out by an actuary to ensure that the pension fund will meet future payment obligations. This means that in a defined benefit pension, investment risk and investment rewards are typically assumed by the sponsor/employer and not by the individual. If a plan is not well-funded, the plan sponsor may not have the financial resources to continue funding
6090-693: A vernacular, such as those of Descartes . Latin education underwent a process of reform to classicise written and spoken Latin. Schooling remained largely Latin medium until approximately 1700. Until the end of the 17th century, the majority of books and almost all diplomatic documents were written in Latin. Afterwards, most diplomatic documents were written in French (a Romance language ) and later native or other languages. Education methods gradually shifted towards written Latin, and eventually concentrating solely on reading skills. The decline of Latin education took several centuries and proceeded much more slowly than
6264-472: A waiver be passed by Congress. A separate Coast Guard Medal of Honor was authorized in 1963 but was not designed or awarded. A separate design for a version of the medal for the Department of the Air Force was authorized in 1956, designed on April 14, 1965, and first awarded in January 1967. Previously, airmen of the U.S. Air Force received the Army's version of the medal. There are three versions of
6438-411: Is Veritas ("truth"). Veritas was the goddess of truth, a daughter of Saturn, and the mother of Virtue. Switzerland has adopted the country's Latin short name Helvetia on coins and stamps, since there is no room to use all of the nation's four official languages . For a similar reason, it adopted the international vehicle and internet code CH , which stands for Confoederatio Helvetica ,
6612-897: Is a classical language belonging to the Italic branch of the Indo-European languages . Latin was originally spoken by the Latins in Latium (now known as Lazio ), the lower Tiber area around Rome , Italy. Through the expansion of the Roman Republic it became the dominant language in the Italian Peninsula and subsequently throughout the Roman Empire . By the late Roman Republic , Old Latin had evolved into standardized Classical Latin . Vulgar Latin refers to
6786-603: Is a "contribution based" benefit, and depends on an individual's contribution history. For examples, see National Insurance in the UK, or Social Security in the United States of America. Many countries have also put in place a " social pension ". These are regular, tax-funded non-contributory cash transfers paid to older people. Over 80 countries have social pensions. Some are universal benefits, given to all older people regardless of income, assets or employment record. Examples of universal pensions include New Zealand Superannuation and
6960-400: Is a plan in which workers accrue pension rights during their time at a firm and upon retirement the firm pays them a benefit that is a function of that worker's tenure at the firm and of their earnings. In other words, a DB plan is a plan in which the benefit on retirement is determined by a set formula, rather than depending on investment returns. Government pensions such as Social Security in
7134-640: Is a reversal of the original phrase Non terrae plus ultra ("No land further beyond", "No further!"). According to legend , this phrase was inscribed as a warning on the Pillars of Hercules , the rocks on both sides of the Strait of Gibraltar and the western end of the known, Mediterranean world. Charles adopted the motto following the discovery of the New World by Columbus, and it also has metaphorical suggestions of taking risks and striving for excellence. In
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7308-415: Is a type of employment-based Pension in the UK. The 401(k) is the iconic self-funded retirement plan that many Americans rely on for much of their retirement income; these sometimes include money from an employer, but are usually mostly or entirely funded by the individual using an elaborate scheme where money from the employee's paycheck is withheld, at their direction, to be contributed by their employer to
7482-552: Is found in any widespread language, the languages of Spain, France, Portugal, and Italy have retained a remarkable unity in phonological forms and developments, bolstered by the stabilising influence of their common Christian (Roman Catholic) culture. It was not until the Muslim conquest of Spain in 711, cutting off communications between the major Romance regions, that the languages began to diverge seriously. The spoken Latin that would later become Romanian diverged somewhat more from
7656-516: Is legally no different from the portability of defined benefit plans. However, because of the cost of administration and ease of determining the plan sponsor's liability for defined contribution plans (you do not need to pay an actuary to calculate the lump sum equivalent that you do for defined benefit plans) in practice, defined contribution plans have become generally portable. In a defined contribution plan, investment risk and investment rewards are assumed by each individual/employee/retiree and not by
7830-689: Is modelled after the British Victoria Cross which has the inscription "For Valour". Because Canada is officially bilingual, the Canadian medal has replaced the English inscription with the Latin Pro Valore . Spain's motto Plus ultra , meaning "even further", or figuratively "Further!", is also Latin in origin. It is taken from the personal motto of Charles V , Holy Roman Emperor and King of Spain (as Charles I), and
8004-526: Is one of only two United States military awards suspended from a neck ribbon. The other is the Commander's Degree of the Legion of Merit , and is usually awarded to individuals serving foreign governments. In 2011, Department of Defense instructions in regard to the Medal of Honor were amended to read "for each succeeding act that would otherwise justify award of the Medal of Honor, the individual receiving
8178-1011: Is taught at many high schools, especially in Europe and the Americas. It is most common in British public schools and grammar schools, the Italian liceo classico and liceo scientifico , the German Humanistisches Gymnasium and the Dutch gymnasium . Occasionally, some media outlets, targeting enthusiasts, broadcast in Latin. Notable examples include Radio Bremen in Germany, YLE radio in Finland (the Nuntii Latini broadcast from 1989 until it
8352-543: The Corpus Inscriptionum Latinarum (CIL). Authors and publishers vary, but the format is about the same: volumes detailing inscriptions with a critical apparatus stating the provenance and relevant information. The reading and interpretation of these inscriptions is the subject matter of the field of epigraphy . About 270,000 inscriptions are known. The Latin influence in English has been significant at all stages of its insular development. In
8526-519: The 442nd Regimental Combat Team (442nd RCT) who served in the European Theater of Operations during World War II. One of these Medal of Honor recipients was Senator Daniel Inouye , a former U.S. Army officer in the 442nd RCT. In 2005, President George W. Bush presented the Medal of Honor to Tibor Rubin , a Hungarian -born American Jew who was a Holocaust survivor of World War II and enlisted U.S. infantryman and prisoner of war in
8700-472: The American Civil War . A total of 911 Army medals were revoked after Congress authorized a review in 1917, and a number of Navy medals were also revoked before the turn of the century—none of these are included in this total except for those that were subsequently restored. In 1990, Congress designated March 25 as Medal of Honor Day . In 1861, early in the American Civil War , a proposal for
8874-583: The Holy See , the primary language of its public journal , the Acta Apostolicae Sedis , and the working language of the Roman Rota . Vatican City is also home to the world's only automatic teller machine that gives instructions in Latin. In the pontifical universities postgraduate courses of Canon law are taught in Latin, and papers are written in the same language. There are
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#17327916703659048-610: The Korean War , whom many believed to have been overlooked because of his religion . On April 11, 2013, President Obama presented the Medal of Honor posthumously to Army chaplain Captain Emil Kapaun for his actions as a prisoner of war during the Korean War. This follows other awards to Army Sergeant Leslie H. Sabo, Jr. for conspicuous gallantry in action on May 10, 1970, near Se San , Cambodia , during
9222-483: The Medal of Honor qualify for a separate stipend. Retirement pay for military members in the reserve and US National Guard is based on a point system. Many countries have created funds for their citizens and residents to provide income when they retire (or in some cases become disabled). Typically this requires payments throughout the citizen's working life in order to qualify for benefits later on. A basic state pension
9396-574: The Middle Ages , borrowing from Latin occurred from ecclesiastical usage established by Saint Augustine of Canterbury in the 6th century or indirectly after the Norman Conquest , through the Anglo-Norman language . From the 16th to the 18th centuries, English writers cobbled together huge numbers of new words from Latin and Greek words, dubbed " inkhorn terms ", as if they had spilled from a pot of ink. Many of these words were used once by
9570-576: The Roman Rite of the Catholic Church at the Vatican City . The church continues to adapt concepts from modern languages to Ecclesiastical Latin of the Latin language. Contemporary Latin is more often studied to be read rather than spoken or actively used. Latin has greatly influenced the English language , along with a large number of others, and historically contributed many words to
9744-569: The Romance languages . During the Classical period, informal language was rarely written, so philologists have been left with only individual words and phrases cited by classical authors, inscriptions such as Curse tablets and those found as graffiti . In the Late Latin period, language changes reflecting spoken (non-classical) norms tend to be found in greater quantities in texts. As it
9918-566: The United States , they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super ) in Australia and New Zealand . Retirement pensions are typically in the form of a guaranteed life annuity , thus insuring against the risk of longevity . A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions ,
10092-636: The Western Roman Empire fell in 476 and Germanic kingdoms took its place, the Germanic people adopted Latin as a language more suitable for legal and other, more formal uses. While the written form of Latin was increasingly standardized into a fixed form, the spoken forms began to diverge more greatly. Currently, the five most widely spoken Romance languages by number of native speakers are Spanish , Portuguese , French , Italian , and Romanian . Despite dialectal variation, which
10266-445: The "Bradley Commission") in 1955–56. Pensions may extend past the death of the veteran himself, continuing to be paid to the widow. In the U.S., retired military receive a military retirement pay , not called a "pension" as they can be recalled to active duty at any time. Military retirement pay is calculated on number of years on active duty, final pay grade and the retirement system in place when they entered service. Members awarded
10440-428: The "guarantee" made to employees is that specified (defined) contributions will be made during an individual's working life. There are many ways to finance a pension and save for retirement. Pension plans can be set up by an employer, matching a monetary contribution each month, by the state or personally through a pension scheme with a financial institution, such as a bank or brokerage firm. Pension plans often come with
10614-549: The 864 medals awarded to members of the 27th Maine regiment; 29 servicemen who served as Abraham Lincoln's funeral guard; six civilians, including Mary Edwards Walker and Buffalo Bill Cody; and 12 others. Walker's medal was restored by the Army Board for Correction of Military Records in 1977, an action that is often attributed to President Jimmy Carter in error. Cody and four other civilian scouts who rendered distinguished service in action, and who were therefore considered by
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#173279167036510788-495: The Army " Gillespie " version introduced a smaller redesigned star and the ribbon was changed to the light blue pattern with white stars seen today. The 1904 Army version also introduced a bar with the word "Valor" above the star. In 1913, the Naval version adopted the same ribbon pattern. After World War I, the Department of the Navy decided to separate the Medal of Honor into two versions, one for combat and one for non-combat. This
10962-450: The Army's and Navy's Medal of Honor for the same action, with all five of these occurrences taking place during World War I. This was a consequence of the marine recipients serving under Army command, which had been reviewed by the Army's judge advocate general. According to the judge advocate general, the marines were "a party 'of the Army'" since they were detached for service under the Army by presidential directive, and thus were subject to
11136-439: The Army's decoration statutes for that time period. No modern recipients have more than one medal because of laws passed for the Army in 1918, and for the Navy in 1919, which stipulated that "no more than one medal of honor . . . shall be issued to any one person," although subsequent awards were authorized by issuance of bars or other devices in lieu of the medal itself. The prohibition on double awards did not technically apply to
11310-576: The Army's version until they received their own distinctive version in 1965. The Medal of Honor is the oldest continuously issued combat decoration of the United States Armed Forces. The president typically presents the Medal of Honor at a formal ceremony intended to represent the gratitude of the American people, with posthumous presentations made to the primary next of kin. As of September 2023, there have been 3,536 Medals of Honor awarded, with over 40% awarded for actions during
11484-633: The Basic Retirement Pension of Mauritius . Most social pensions, though, are means-tested, such as Supplemental Security Income in the United States of America or the "older person's grant" in South Africa . Some pension plans will provide for members in the event they suffer a disability . This may take the form of early entry into a retirement plan for a disabled member below the normal retirement age. The benefits of defined benefit and defined contribution plans differ based on
11658-574: The British Crown. The motto is featured on all presently minted coinage and has been featured in most coinage throughout the nation's history. Several states of the United States have Latin mottos , such as: Many military organizations today have Latin mottos, such as: Some law governing bodies in the Philippines have Latin mottos, such as: Some colleges and universities have adopted Latin mottos, for example Harvard University 's motto
11832-523: The Civil War to the Vietnam War. In addition, five recipients whose names were included on the Army's medal revocations in 1917 had their awards restored. A 1993 study commissioned by the U.S. Army investigated "racial disparity" in the awarding of medals. At the time, no Medals of Honor had been awarded to U.S. soldiers of African descent who served in World War II. After an exhaustive review,
12006-613: The English lexicon , particularly after the Christianization of the Anglo-Saxons and the Norman Conquest . Latin and Ancient Greek roots are heavily used in English vocabulary in theology , the sciences , medicine , and law . A number of phases of the language have been recognized, each distinguished by subtle differences in vocabulary, usage, spelling, and syntax. There are no hard and fast rules of classification; different scholars emphasize different features. As
12180-491: The George S. Rob Centre at Park University, the review is still ongoing but has already identified some 200 medals for potential upgrade. During the Civil War, Secretary of War Edwin M. Stanton promised a Medal of Honor to every man in the 27th Maine Volunteer Infantry Regiment who extended his enlistment beyond his separation date. The Battle of Gettysburg was imminent, and 311 men of the regiment volunteered to serve until
12354-416: The Grinch Stole Christmas! , The Cat in the Hat , and a book of fairy tales, " fabulae mirabiles ", are intended to garner popular interest in the language. Additional resources include phrasebooks and resources for rendering everyday phrases and concepts into Latin, such as Meissner's Latin Phrasebook . Some inscriptions have been published in an internationally agreed, monumental, multivolume series,
12528-403: The Korean War and the Vietnam War. Three were still living at the time of the ceremony. In 2010 and again in 2014, Congress directed the Department of Defense to "survey military leaders . . . to the lowest level of command to determine if there is a trend of downgrading awards . . . for medals related to acts of valor and gallantry," and also to "review the Medal of Honor process to ensure that
12702-426: The Medal of Honor that was awarded. The 1917 Medal of Honor Board revoked 911 awards, but only 910 names from the Army's Medal of Honor list, including awards to Mary Edwards Walker, William F. "Buffalo Bill" Cody and the first of two awards issued February 10, 1887, to George W. Mindil, who retained his award issued October 25, 1893. None of the 910 impacted recipients were ordered to return their medals, although on
12876-481: The Medal of Honor, one for each of the military departments of the Department of Defense (DoD): the Department of the Army, Department of the Navy (including the Navy, Marine Corps, and Coast Guard), and Department of the Air Force (Air and Space Forces). Members of the Coast Guard, part of the Department of Homeland Security , are eligible to receive the Naval version. Each medal is constructed differently, and
13050-445: The Medal of Honor. The first and most common is recommendation within three years and approval within five years through the chain of command of the service member. The second method, which normally applies outside of the statute of limitations, is when a recommendation is referred to a military service by a member of the U.S. Congress, generally at the request of a constituent under 10 U.S.C. § 1130 . In both cases, if
13224-437: The Medal of Honor. The only other such pairing is Theodore Roosevelt (awarded in 2001) and Theodore Roosevelt, Jr. Notably, one member in each pair was strongly influenced by political considerations; Douglas MacArthur's medal was approved for service (rather than gallantry) in violation of both law and policy that prohibited such action, and Theodore Roosevelt's medal was approved after members of Congress successfully lobbied
13398-512: The Medals of Honor have been awarded posthumously. The four specific statutory sections authorizing the medal, as last amended on January 1, 2021, are as follows: The President may award, and present in the name of Congress, a medal of honor of appropriate design, with ribbons and appurtenances, to a person who while a member of the [Army] [naval service] [Air Force] [Coast Guard], distinguished himself conspicuously by gallantry and intrepidity at
13572-524: The Medals of Honor of Buffalo Bill and four other civilian scouts in 1989. While the governing statute for the Army's Medal of Honor ( 10 U.S.C. § 6241 ), beginning in 1918, explicitly stated that a recipient must be "an officer or enlisted man of the Army," "distinguish himself conspicuously by gallantry and intrepidity at the risk of his life above and beyond the call of duty," and perform an act of valor "in action involving actual conflict with an enemy," exceptions have been made: Note that
13746-617: The Navy Gideon Welles adopted the idea of a decoration to recognize and honor distinguished naval service. On December 9, 1861, Iowa Senator James W. Grimes , Chairman on the Committee on Naval Affairs, introduced bill S. 82. The bill included a provision authorizing 200 "medals of honor," "to be bestowed upon such petty officers , seamen , landsmen , and marines as shall most distinguish themselves by their gallantry in action and other seaman-like qualities during
13920-464: The Netherlands ($ 1.8T), Japan ($ 1.7T), Switzerland ($ 1.1T), Denmark ($ 0.8T), Sweden, Brazil and S. Korea (each $ 0.5T), Germany, France, Israel, P.R. China, Mexico, Italy, Chile, Belgium, Spain and Finland (each roughly $ 0.2T), etc. Without the vast body of common law to draw upon, statutory trusts tend to be more uniform and tightly regulated. However, pension assets alone are not a useful guide to
14094-447: The Secretary of the Army to reverse a prior determination that "Theodore Roosevelt's bravery in battle did not rise to the level that would justify the Medal of Honor and, indeed, it did not rise to the level of men who fought in that engagement." Seven pairs of brothers have received the Medal of Honor: Two other notable pairs of related recipients include two uncle and nephew recipients. Admiral Frank Friday Fletcher (rear admiral at
14268-694: The Social Security Reserve Fund and France set up the Pensions Reserve Fund ; in Canada the wage-based retirement plan (CPP) is partially funded, with assets managed by the CPP Investment Board while the U.S. Social Security system is partially funded by investment in special U.S. Treasury Bonds. In a funded plan, contributions from the employer, and sometimes also from plan members, are invested in
14442-406: The U.S. since the 1990s. Cash balance plans, for example, provide a guaranteed benefit like a defined benefit plan, but the benefit is expressed as an account balance, like a defined contribution plan. Pension equity plans are a type of cash balance plan that credits employee accounts with a percentage of their pay each year, similar to a defined contribution plan. A Defined Benefit (DB) pension plan
14616-480: The US, defined contribution plans are subject to IRS limits on how much can be contributed, known as the section 415 limit. In 2009, the total deferral amount, including employee contribution plus employer contribution, was limited to $ 49,000 or 100% of compensation, whichever is less. The employee-only limit in 2009 was $ 16,500 with a $ 5,500 catch-up. These numbers usually increase each year and are indexed to compensate for
14790-425: The United States are a type of defined benefit pension plan. Traditionally, defined benefit plans for employers have been administered by institutions which exist specifically for that purpose, by large businesses, or, for government workers, by the government itself. A traditional form of defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by
14964-505: The United States include individual retirement accounts (IRAs) and 401(k) plans . In such plans, the employee is responsible, to one degree or another, for selecting the types of investments toward which the funds in the retirement plan are allocated. This may range from choosing one of a small number of pre-determined mutual funds to selecting individual stocks or other financial assets. Most self-directed retirement plans are characterized by certain tax advantages , and some provide for
15138-470: The United States of America and Canada now face chronic pension crises. A defined contribution (DC) plan, is a pension plan where employers set aside a certain proportion (i.e. contributions) of a worker's earnings (such as 5%) in an investment account, and the worker receives this savings and any accumulated investment earnings upon retirement. These contributions are paid into an individual account for each member. The contributions are invested, for example in
15312-467: The United States the unofficial national motto until 1956 was E pluribus unum meaning "Out of many, one". The motto continues to be featured on the Great Seal . It also appears on the flags and seals of both houses of congress and the flags of the states of Michigan, North Dakota, New York, and Wisconsin. The motto's 13 letters symbolically represent the original Thirteen Colonies which revolted from
15486-563: The University of Kentucky, the University of Oxford and also Princeton University. There are many websites and forums maintained in Latin by enthusiasts. The Latin Misplaced Pages has more than 130,000 articles. Italian , French , Portuguese , Spanish , Romanian , Catalan , Romansh , Sardinian and other Romance languages are direct descendants of Latin. There are also many Latin borrowings in English and Albanian , as well as
15660-486: The Vietnam War and to Army Private First Class Henry Svehla and Army Private First Class Anthony T. Kahoʻohanohano for their heroic actions during the Korean War. As a result of a congressionally mandated review to ensure brave acts were not overlooked due to prejudice or discrimination, on March 18, 2014, President Obama upgraded Distinguished Service Crosses to Medals of Honor for 24 Hispanic, Jewish and black individuals—the "Valor 24"—for their actions in World War II,
15834-506: The assets are truly secured for their benefit. Second, contributions to the vehicle should be tax-deductible to the employer (or at least, a tax deduction should be secured already). And third, to the extent that it has funded the pension liability, the employer should be able to reduce the liability shown on its balance sheet. In the absence of appropriate statute, attempts have been made to invent suitable vehicles with varying degrees of success. The most notable has been in Germany where, until
16008-507: The attainment of normal retirement age (usually age 65). Companies would rather hire younger employees at lower wages. Some of those provisions come in the form of additional temporary or supplemental benefits , which are payable to a certain age, usually before attaining normal retirement age. Due to changes in pensions over the years, many pension systems, including those in Alabama , California , Indiana , and New York , have shifted to
16182-459: The attorney general of the United States for an advisory opinion on the matter. Byrd himself apparently disliked the Tiffany Cross, and eventually requested the alternate version of the medal from President Herbert Hoover in 1930. The Tiffany Cross itself was not popular among recipients—one author reflected that it was "the most short-lived, legally contentious, and unpopular version of the Medal of Honor in American history." In 1942, in response to
16356-459: The author and then forgotten, but some useful ones survived, such as 'imbibe' and 'extrapolate'. Many of the most common polysyllabic English words are of Latin origin through the medium of Old French . Romance words make respectively 59%, 20% and 14% of English, German and Dutch vocabularies. Those figures can rise dramatically when only non-compound and non-derived words are included. Medal of Honor There are three distinct variants of
16530-507: The average retirement age and lifespan of the employees, the returns to be earned by the pension plan's investments and any additional taxes or levies, such as those required by the Pension Benefit Guaranty Corporation in the U.S. So, for this arrangement, the benefit is relatively secure but the contribution is uncertain even when estimated by a professional. This has serious cost considerations and risks for
16704-608: The battle was resolved. The remaining men returned to Maine, and with the Union victory at Gettysburg the 311 volunteers soon followed. They arrived back in Maine in time to be discharged with the men who had returned earlier. Since there seemed to be no official list of the 311 volunteers, the War Department exacerbated the situation by forwarding 864 medals to the commanding officer of the regiment. The commanding officer only issued
16878-425: The benefit of those who do not understand Latin. There are also songs written with Latin lyrics . The libretto for the opera-oratorio Oedipus rex by Igor Stravinsky is in Latin. Parts of Carl Orff 's Carmina Burana are written in Latin. Enya has recorded several tracks with Latin lyrics. The continued instruction of Latin is seen by some as a highly valuable component of a liberal arts education. Latin
17052-481: The best interests of the beneficiaries. These jurisdictions account for over 80% of assets held by private pension plans around the world. Of the $ 50.7 trillion of global assets in 2019, $ 32.2T were in U.S. plans, the next largest being the U.K. ($ 3.2T), Canada ($ 2.8T), Australia ($ 1.9T), Singapore ($ 0.3T), Hong Kong and Ireland (each roughly $ 0.2T), New Zealand, India, Kenya, Nigeria, Jamaica, etc. Civil-law jurisdictions with statutory trust vehicles for pensions include
17226-502: The board to have fully earned their medals, also had their medals restored by the Army Board for Correction of Military Records in 1989. The report issued by the Medal of Honor review board in 1917 was reviewed by the Judge Advocate General , who also advised that the War Department should not seek the return of the revoked medals from the recipients identified by the board. In the case of recipients who continued to wear
17400-409: The careful work of Petrarch, Politian and others, first the demand for manuscripts, and then the rush to bring works into print, led to the circulation of inaccurate copies for several centuries following. Neo-Latin literature was extensive and prolific, but less well known or understood today. Works covered poetry, prose stories and early novels, occasional pieces and collections of letters, to name
17574-604: The chairman of the Senate Committee on Military Affairs and the Militia, introduced a resolution (equivalent to a bill) for a Medal of Honor for the Army. The resolution (equivalent to a modern Act of Congress) was approved by Congress and signed into law on July 12, 1862. This measure provided for awarding a medal of honor "to such non-commissioned officers and privates as shall most distinguish themselves by their gallantry in action and other soldier-like qualities during
17748-415: The classicised Latin that followed through to the present are often grouped together as Neo-Latin , or New Latin, which have in recent decades become a focus of renewed study , given their importance for the development of European culture, religion and science. The vast majority of written Latin belongs to this period, but its full extent is unknown. The Renaissance reinforced the position of Latin as
17922-522: The components are made from gilding metals and red brass alloys with some gold plating, enamel, and bronze pieces. The United States Congress considered a bill in 2004 which would require the Medal of Honor to be made with 90% gold, the same composition as the lesser-known Congressional Gold Medal , but the measure was dropped. The Army's version is described by the Institute of Heraldry as "a gold five-pointed star, each point tipped with trefoils, 1 + 1 ⁄ 2 inches [3.8 cm] wide, surrounded by
18096-465: The country's full Latin name. Some film and television in ancient settings, such as Sebastiane , The Passion of the Christ and Barbarians (2020 TV series) , have been made with dialogue in Latin. Occasionally, Latin dialogue is used because of its association with religion or philosophy, in such film/television series as The Exorcist and Lost (" Jughead "). Subtitles are usually shown for
18270-503: The decline in written Latin output. Despite having no native speakers, Latin is still used for a variety of purposes in the contemporary world. The largest organisation that retains Latin in official and quasi-official contexts is the Catholic Church . The Catholic Church required that Mass be carried out in Latin until the Second Vatican Council of 1962–1965 , which permitted the use of the vernacular . Latin remains
18444-440: The degree of financial security provided to the retiree. With defined benefit plans, retirees receive a guaranteed payout at retirement, determined by a fixed formula based on factors such as salary and years of service. The risk and responsibility of ensuring sufficient funding through retirement is borne by the employer or plan managers. This type of plan provides a level of financial security for retirees, ensuring they will receive
18618-412: The double recipients of WWI because they received Medals of Honor from different services, which meant the same medals were not duplicated and had independent statutory authority. Later, in 1927, President Coolidge issued an executive order that forbade issuing more than one federal decoration for the same action, a policy that continues through the present time. The statutory bar on issuing multiple medals
18792-589: The educated and official world, Latin continued without its natural spoken base. Moreover, this Latin spread into lands that had never spoken Latin, such as the Germanic and Slavic nations. It became useful for international communication between the member states of the Holy Roman Empire and its allies. Without the institutions of the Roman Empire that had supported its uniformity, Medieval Latin
18966-673: The effects of inflation. For 2015, the limits were raised to $ 53,000 and $ 18,000, respectively. Examples of defined contribution pension schemes in other countries are, the UK's personal pensions and proposed National Employment Savings Trust (NEST), Germany's Riester plans, Australia's Superannuation system and New Zealand's KiwiSaver scheme. Individual pension savings plans also exist in Austria, Czech Republic, Denmark, Greece, Finland, Ireland, Netherlands, Slovenia and Spain Many developed economies are moving beyond DB & DC Plans and are adopting
19140-517: The employee's plan. This money can be tax-deferred or not, depending on the exact nature of the plan. Some countries also grant pensions to military veterans. Military pensions are overseen by the government; an example of a standing agency is the United States Department of Veterans Affairs . Ad hoc committees may also be formed to investigate specific tasks, such as the U.S. Commission on Veterans' Pensions (commonly known as
19314-440: The employer and employee to contribute money to a fund during their employment in order to receive defined benefits upon retirement. It is a tax deferred savings vehicle that allows for the tax-free accumulation of a fund for later use as retirement income. Funding can be provided in other ways, such as from labor unions, government agencies, or self-funded schemes. Pension plans are therefore a form of "deferred compensation". A SSAS
19488-494: The employer is the reason given by many employers for switching from defined benefit to defined contribution plans over recent years. The risks to the employer can sometimes be mitigated by discretionary elements in the benefit structure, for instance in the rate of increase granted on accrued pensions, both before and after retirement. The age bias, reduced portability and open ended risk make defined benefit plans better suited to large employers with less mobile workforces, such as
19662-559: The employer offering a pension plan. One of the growing concerns with defined benefit plans is that the level of future obligations will outpace the value of assets held by the plan ( Unfunded mandate ). This "underfunding" dilemma can be faced by any type of defined benefit plan, private or public, but it is most acute in governmental and other public plans where political pressures and less rigorous accounting standards can result in excessive commitments to employees and retirees, but inadequate contributions. Many states and municipalities across
19836-404: The employer tends to pay higher contributions than under defined contribution plans), so such criticism is rarely harsh. The "cost" of a defined benefit plan is not easily calculated, and requires an actuary or actuarial software. However, even with the best of tools, the cost of a defined benefit plan will always be an estimate based on economic and financial assumptions. These assumptions include
20010-435: The end of the 20th century, most occupational pensions were unfunded ("book-reserved") promises by employers. Changes started in 1983. Most national pension systems are based on multi-pillar schemes to ensure greater flexibility and financial security to the old in contrast to reliance on one single system. In general, there are three main functions of pension systems: saving, redistribution and insurance functions. According to
20184-520: The enemy, distinguish[es] himself conspicuously by gallantry and intrepidity at the risk of his life above and beyond the call of duty." Despite the "actual conflict" guidelines, the Tiffany Cross was awarded to Navy CDR (later RADM) Richard E. Byrd and Floyd Bennett for their flight to the North Pole in 1926. The decision was controversial within the Navy's Bureau of Navigation (which handled personnel administration), and officials considered asking
20358-442: The eye, jump rings, and suspension ring made of red brass . The finish on the pendant and suspension bar is hard enameled, gold plated, and rose gold plated, with polished highlights. The Naval version is described as "a five-pointed bronze star, tipped with trefoils containing a crown of laurel and oak. In the center is Minerva, personifying the United States, standing with her left hand resting on fasces and her right hand holding
20532-402: The form of an "M." It is placed first in the top position in the order of precedence and is worn for situations other than full-dress military uniform. The lapel button is a 1 ⁄ 2 -inch (13 mm), six-sided light blue bowknot rosette with thirteen white stars and may be worn on appropriate civilian clothing on the left lapel. Since 1944, the Medal of Honor has been attached to
20706-409: The government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation , usually advantageous to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles (certain lottery payouts, for example, or an annuity ) may provide
20880-703: The invention of printing and are now published in carefully annotated printed editions, such as the Loeb Classical Library , published by Harvard University Press , or the Oxford Classical Texts , published by Oxford University Press . Latin translations of modern literature such as: The Hobbit , Treasure Island , Robinson Crusoe , Paddington Bear , Winnie the Pooh , The Adventures of Tintin , Asterix , Harry Potter , Le Petit Prince , Max and Moritz , How
21054-400: The investment portfolio to his or her individual needs and financial situation, including the choice of how much to contribute, if anything at all. However, others state that these apparent advantages could also hinder some workers who might not possess the financial savvy to choose the correct investment vehicles or have the discipline to voluntarily contribute money to retirement accounts. In
21228-704: The language of the Roman Rite . The Tridentine Mass (also known as the Extraordinary Form or Traditional Latin Mass) is celebrated in Latin. Although the Mass of Paul VI (also known as the Ordinary Form or the Novus Ordo) is usually celebrated in the local vernacular language, it can be and often is said in Latin, in part or in whole, especially at multilingual gatherings. It is the official language of
21402-440: The large areas where it had come to be natively spoken. However, even after the fall of Western Rome , Latin remained the common language of international communication , science, scholarship and academia in Europe until well into the early 19th century, by which time modern languages had supplanted it in common academic and political usage. Late Latin is the literary language from the 3rd century AD onward. No longer spoken as
21576-467: The late seventeenth century, when spoken skills began to erode. It then became increasingly taught only to be read. Latin grammar is highly fusional , with classes of inflections for case , number , person , gender , tense , mood , voice , and aspect . The Latin alphabet is directly derived from the Etruscan and Greek alphabets . Latin remains the official language of the Holy See and
21750-431: The later part of the Roman Republic , up to 75 BC, i.e. before the age of Classical Latin . It is attested both in inscriptions and in some of the earliest extant Latin literary works, such as the comedies of Plautus and Terence . The Latin alphabet was devised from the Etruscan alphabet . The writing later changed from what was initially either a right-to-left or a boustrophedon script to what ultimately became
21924-456: The latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms " retirement plan " and " superannuation " tend to refer to a pension granted upon retirement of the individual; the terminology varies between countries. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called retirement plans in
22098-421: The less prestigious colloquial registers , attested in inscriptions and some literary works such as those of the comic playwrights Plautus and Terence and the author Petronius . While often called a "dead language", Latin did not undergo language death . By the 6th to 9th centuries, natural language change eventually resulted in Latin as a vernacular language evolving into distinct Romance languages in
22272-466: The medal: one for the Department of the Army , awarded to soldiers; one for branches of the Department of the Navy , awarded to sailors, marines, and coast guardsmen; and one for military branches of the Department of the Air Force , awarded to airmen and guardians. The Medal of Honor was introduced for the Naval Service in 1861, soon followed by the Army's version in 1862. The Air Force used
22446-642: The medals to the volunteers who stayed behind and retained the others on the grounds that, if he returned the remainder to the War Department, the War Department would try to reissue the medals. In 1916, a board of five Army generals on the retired list convened under act of law to review every Army Medal of Honor awarded. The board was to report on any Medals of Honor awarded or issued "for any cause other than distinguished conduct by an officer or enlisted man in action involving actual conflict with an enemy." The board, led by Nelson A. Miles , identified 911 awards for causes other than distinguished conduct. This included
22620-450: The member's salary at retirement, multiplied by a factor known as the accrual rate . The final accrued amount is available as a monthly pension or a lump sum, but usually monthly. In the US, 26 U.S.C. § 414(j) specifies a defined benefit plan to be any pension plan that is not a defined contribution plan (see below) where a defined contribution plan is any plan with individual accounts. A traditional pension plan that defines
22794-509: The nomination process, valor requirements, and timeliness of the process do not unfairly penalize service members." This ultimately resulted in a review of all post 9/11 valor awards, several of which resulted in Medals of Honor. Another historical review for World War I medals that may have been tainted by discrimination was authorized in the FY2021 National Defense Authorization Act. Conducted under
22968-468: The number of Air Force recipients does not count recipients from its pre-September 19, 1947, Army-related predecessor organizations . Nevertheless, the Air Force's transfer agreement gave it retroactive jurisdiction over military awards to the date the Air Corps was authorized by statute: Jul. 2, 1926. Thus, were a decoration submitted retroactively for an aviator's actions on or after that date (including
23142-466: The other varieties, as it was largely separated from the unifying influences in the western part of the Empire. Spoken Latin began to diverge into distinct languages by the 9th century at the latest, when the earliest extant Romance writings begin to appear. They were, throughout the period, confined to everyday speech, as Medieval Latin was used for writing. For many Italians using Latin, though, there
23316-430: The pendant and suspension bar is hard enameled, gold plated, and rose gold plated, with buffed relief. The Medal of Honor has evolved in appearance over time. The upside-down star design of the Naval version's pendant adopted in early 1862 has not changed since its inception. The Army's 1862 version followed and was identical to the Naval version except an eagle perched atop cannons was used instead of an anchor to connect
23490-459: The pendant to the suspension ribbon. The medals featured a female allegory of the Union, with a shield in her right hand that she used to fend off a crouching attacker and serpents. In her left hand, she held a fasces . There are 34 stars surrounding the scene, representing the number of states in the union at the time. In 1896, the Army version changed the ribbon's design and colors due to misuse and imitation by nonmilitary organizations. In 1904,
23664-431: The pension for older employees than for younger ones (an "age bias"). Defined benefit pensions tend to be less portable than defined contribution plans, even if the plan allows a lump sum cash benefit at termination. Most plans, however, pay their benefits as an annuity, so retirees do not bear the risk of low investment returns on contributions or of outliving their retirement income. The open-ended nature of these risks to
23838-544: The pension plan allows for early retirement, payments are often reduced to recognize that the retirees will receive the payouts for longer periods of time. In the United States, under the Employee Retirement Income Security Act of 1974 , any reduction factor less than or equal to the actuarial early retirement reduction factor is acceptable. Many DB plans include early retirement provisions to encourage employees to retire early, before
24012-410: The plan. Traditional defined benefit plan designs (because of their typically flat accrual rate and the decreasing time for interest discounting as people get closer to retirement age) tend to exhibit a J-shaped accrual pattern of benefits, where the present value of benefits grows quite slowly early in an employee's career and accelerates significantly in mid-career: in other words it costs more to fund
24186-407: The present insurrection." By mid-November the Department of War contracted with Philadelphia silversmith William Wilson and Son, who had been responsible for the Navy's design, to prepare 2,000 medals for the Army ($ 2.00 each) to be struck at the mint. The Army's version had "The Congress to" written on the back of the medal. Both versions were made of copper and coated with bronze, which "gave them
24360-562: The present war...." On December 21, the bill was passed and signed into law by President Abraham Lincoln . Secretary Welles directed the Philadelphia Mint to design the new military decoration. On May 15, 1862, the United States Department of the Navy ordered 175 medals ($ 1.85 each) from the U.S. Mint in Philadelphia with "Personal Valor" inscribed on the back of each one. On February 15, 1862, Senator Henry Wilson ,
24534-445: The private sector in many countries. For example, the number of defined benefit plans in the U.S. has been steadily declining, as more and more employers see pension contributions as a large expense avoidable by disbanding the defined benefit plan and instead offering a defined contribution plan. Money contributed can either be from employee salary deferral or from employer contributions. The portability of defined contribution pensions
24708-529: The proposal is outside the time limits for the recommendation, approval to waive the time limit requires a special Act of Congress . The Medal of Honor is presented by the President on behalf of, and in the name of, the Congress. Since 1980, nearly all Medal of Honor recipients—or in the case of posthumous awards, the next of kin—have been personally decorated by the president. Since 1941, more than half of
24882-598: The provisions of the Tier I scheme, whereas Veronica, hired in August 1995, would be permitted to retire at age 60 with full benefits and Jessica, hired in December 2014, would not be able to retire with full benefits until she became 65. In an unfunded defined benefit pension, no assets are set aside and the benefits are paid for by the employer or other pension sponsor as and when they are paid. Pension arrangements provided by
25056-569: The public sector (which has open-ended support from taxpayers). This coupled with a lack of foresight on the employers part means a large proportion of the workforce are kept in the dark over future investment schemes. Defined benefit plans are sometimes criticized as being paternalistic as they enable employers or plan trustees to make decisions about the type of benefits and family structures and lifestyles of their employees. However they are typically more valuable than defined contribution plans in most circumstances and for most employees (mainly because
25230-399: The purchasing power of the pension; the higher the inflation rate, the lower the purchasing power of a fixed annual pension. This effect can be mitigated by providing annual increases to the pension at the rate of inflation (usually capped, for instance at 5% in any given year). This method is advantageous for the employee since it stabilizes the purchasing power of pensions to some extent. If
25404-590: The question of whether the recipients could continue to wear their medals, the Judge Advocate General advised the Medal of Honor Board that the Army was not obligated to police the matter. Walker continued to wear her medal until her death. Although some sources claim that President Jimmy Carter formally restored her medal posthumously in 1977, this action was actually taken unilaterally by the Army's Board for Correction of Military Records. The Army Board for Correction of Military Records also restored
25578-581: The report by the World Bank titled "Averting the Old Age Crisis", countries should consider separating the saving and redistributive functions, when creating pension systems, and placing them under different financing and managerial arrangements into three main pillars. The Pillars of Old Age Income Security: Latin language Latin ( lingua Latina , pronounced [ˈlɪŋɡʷa ɫaˈtiːna] , or Latinum [ɫaˈtiːnʊ̃] )
25752-448: The report of the Medal of Honor Review Board, established by Congress in 1916, 911 recipients were stricken from the Army's Medal of Honor list because the medal had been awarded inappropriately. Among them were William Frederick "Buffalo Bill" Cody and Mary Edwards Walker . In 1977, the Army's board for correction of military records unilaterally restored Walker's medal at the request of a relative. The board had no authority to overturn
25926-535: The ribbon of the Army's version of the Medal of Honor was redesigned with all stripes being vertical. Again, in 1904 the planchet of the Army's version of the Medal of Honor was redesigned by General George Lewis Gillespie . The purpose of the redesign was to help distinguish the Medal of Honor from other medals, particularly the membership insignia issued by the Grand Army of the Republic . In 1917, based on
26100-430: The risk of his life above and beyond the call of duty. The Medal of Honor confers special privileges on its recipients: Medal of Honor recipients may apply in writing to the headquarters of the service branch of the medal awarded for a replacement or display Medal of Honor, ribbon, and appurtenance (Medal of Honor flag) without charge. Primary next of kin may also do the same and have any questions answered in regard to
26274-404: The risk of market fluctuations that could reduce their retirement savings. However, defined contribution plans provide more flexibility for employees, who can choose how much to contribute and how to invest their funds. Hybrid plans, such as cash balance and pension equity plans, combine features of both defined benefit and defined contribution plans. These plans have become increasingly popular in
26448-439: The selection of investment options and administrative providers. In the United States, the legal definition of a defined contribution plan is a plan providing for an individual account for each participant, and for benefits based solely on the amount contributed to the account, plus or minus income, gains, expenses and losses allocated to the account (see 26 U.S.C. § 414(i) ). Examples of defined contribution plans in
26622-471: The sponsor/employer, and these risks may be substantial. In addition, participants do not necessarily purchase annuities with their savings upon retirement, and bear the risk of outliving their assets. (In the United Kingdom, for instance, it is a legal requirement to use the bulk of the fund to purchase an annuity.) The "cost" of a defined contribution plan is readily calculated, but the benefit from
26796-441: The state in most countries in the world are unfunded, with benefits paid directly from current workers' contributions and taxes. This method of financing is known as pay-as-you-go , or PAYGO . The social security systems of many European countries are unfunded, having benefits paid directly out of current taxes and social security contributions, although several countries have hybrid systems which are partially funded. Spain set up
26970-401: The state which may rank no higher than the state's promise to pay future pensions. Occupational pensions are typically provided through employment agreements between workers and employers, and their financing structure must meet legislative requirements. In common-law jurisdictions, the law requires that pensions be pre-funded in trusts, with a range of requirements to ensure the trustees act in
27144-415: The stock market, and the returns on the investment (which may be positive or negative) are credited to the individual's account. On retirement, the member's account is used to provide retirement benefits, sometimes through the purchase of an annuity which then provides a regular income. Defined contribution plans have become widespread all over the world in recent years, and are now the dominant form of plan in
27318-464: The study recommended that ten Distinguished Service Cross recipients be awarded the Medal of Honor. On January 13, 1997, President Bill Clinton presented the Medal of Honor to seven of these World War II veterans, six of them posthumously and one to former Second Lieutenant Vernon Baker . In 1998, a similar study of Asian Americans resulted in Clinton presenting 22 Medals of Honor in 2000. This
27492-403: The subsequent award is authorized to wear an additional Medal of Honor ribbon and/or a 'V' device on the Medal of Honor suspension ribbon" (the "V" device is a 1 ⁄ 4 -inch-high (6.4 mm) bronze miniature letter "V" with serifs that denotes valor). The Medal of Honor was the only decoration authorized to use the "V" device (none were ever issued) to designate subsequent awards in such
27666-414: The time of award) and his nephew, Admiral Frank Jack Fletcher (lieutenant at the time of award), both awarded for actions during the United States occupation of Veracruz . Guy W. S. Castle for actions during the United States occupation of Veracruz , and his nephew Frederick Walker Castle for actions during World War II . Since 1979, 86 late Medal of Honor awards have been presented for actions from
27840-556: The total distribution of occupational pensions around the world. It will be noted that four of the largest economies (Germany, France, Italy and Spain) have very little in the way of pension assets. Nevertheless, in terms of typical net income replacement in retirement, these countries rank well relative to those with pension assets. These and other countries represent a fundamentally different approach to pension provision, often referred to as "intergenerational solidarity". Intergenerational solidarity operates to an extent in any country with
28014-458: The traditional depiction of Minerva in part due to a desire to distinguish itself from the Army, including the Institute of Heraldry that traditionally designs awards, but which falls under the Army. On May 2, 1896, Congress authorized a "ribbon to be worn with the medal and [a] rosette or knot to be worn in lieu of the medal." The service ribbon is light blue with five white stars in
28188-420: The words "Medal of Honor" as written on Kendall's flag. The color of the field and the 13 white stars, arranged in the form of a three-bar chevron , consisting of two chevrons of five stars and one chevron of three stars, emulate the suspension ribbon of the Medal of Honor. The flag has no defined proportions. The first Medal of Honor Flag recipient was U.S. Army Sergeant First Class Paul R. Smith , whose flag
28362-465: Was John J. Kelly , on October 3, 1918; the last individual to receive two Medals of Honor for two different actions was Smedley Butler , in 1914 and 1915. None of the double awardees earned two distinct medals under modern Medal of Honor criteria, although the WWI awardees qualified under substantially modern statutes. Arthur MacArthur, Jr. and Douglas MacArthur are the first father and son to be awarded
28536-414: Was an attempt to circumvent the requirement enacted in 1919 that recipients participate "in action involving actual conflict with the enemy," which would have foreclosed non-combat awards. By treating the 1919 Medal of Honor as a separate award from its Civil War counterpart, this allowed the Department of the Navy to claim that it was not literally in violation of the 1919 law. The original upside-down star
28710-626: Was designated as the non-combat version and a new pattern of the medal pendant, in cross form, was designed by the Tiffany Company in 1919. Secretary of the Navy Josephus Daniels selected Tiffany after snubbing the Commission of Fine Arts, which had submitted drawings that Daniels criticized as "un-American". The so-called Tiffany Cross was to be presented to a sailor or marine who "in action involving actual conflict with
28884-463: Was designed in 1965, it incorporated similar elements and design from the Army version. At the Department of the Air Force leadership's insistence, the new medal depicted the Statue of Liberty's image in place of Minerva on the medal and changed the connecting device from an eagle to Jupiter's thunderbolt flanked with wings as found on the Department of the Air Force's seal. The Air Force diverged from
29058-580: Was finally repealed in the FY2014 defense bill, at the request of the Office of the Secretary of Defense, meaning that recipients can now be issued more than one medal rather than simply receiving a device for subsequent awards. However, it is still true that no more than one medal may be issued for the same action. To date, the maximum number of Medals of Honor earned by any service member has been two. The last living individual to be awarded two Medals of Honor
29232-583: Was following a historical review conducted by a team of historians headed by Jim McNaughton at the Defense Language Institute Foreign Language Center, located in the Presidio of Monterey, California. The review ultimately forwarded at least 47 cases of Distinguished Services Crosses for potential upgrade, as well as one Silver Star. Twenty of the resulting medals went to U.S. soldiers of Japanese descent of
29406-413: Was free to develop on its own, there is no reason to suppose that the speech was uniform either diachronically or geographically. On the contrary, Romanised European populations developed their own dialects of the language, which eventually led to the differentiation of Romance languages . Late Latin is a kind of written Latin used in the 3rd to 6th centuries. This began to diverge from Classical forms at
29580-496: Was much more liberal in its linguistic cohesion: for example, in classical Latin sum and eram are used as auxiliary verbs in the perfect and pluperfect passive, which are compound tenses. Medieval Latin might use fui and fueram instead. Furthermore, the meanings of many words were changed and new words were introduced, often under influence from the vernacular. Identifiable individual styles of classically incorrect Latin prevail. Renaissance Latin, 1300 to 1500, and
29754-441: Was no complete separation between Italian and Latin, even into the beginning of the Renaissance . Petrarch for example saw Latin as a literary version of the spoken language. Medieval Latin is the written Latin in use during that portion of the post-classical period when no corresponding Latin vernacular existed, that is from around 700 to 1500 AD. The spoken language had developed into the various Romance languages; however, in
29928-596: Was presented posthumously. President George W. Bush presented the Medal of Honor and Flag to the family of Smith during the award ceremony for him in the White House on April 4, 2005. A special Medal of Honor Flag presentation ceremony was held for over 60 living Medal of Honor recipients on board the USS ; Constitution in September 2006. There are two distinct protocols for recommending and adjudicating
30102-484: Was recommended by the Army's board for correction of military records in 2015, established that the correction boards lack the authority to unilaterally award Medals of Honor. In Conner's case, the board merely recommended the medal, which was then referred to the Senior Army Decorations Board, and ultimately to the Secretary of the Army, the Secretary of Defense, and the President, who requested
30276-431: Was shut down in June 2019), and Vatican Radio & Television, all of which broadcast news segments and other material in Latin. A variety of organisations, as well as informal Latin 'circuli' ('circles'), have been founded in more recent times to support the use of spoken Latin. Moreover, a number of university classics departments have begun incorporating communicative pedagogies in their Latin courses. These include
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